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...then spin the company off to somebody without ever even renting office space," says Marc Pado, U.S. market strategist at Cantor Fitzgerald. Those quick-buck days are long gone as venture capitalists and others are now prepared to hang on to an investment for up to eight years...
...season, opponents of the Harvard men’s soccer team have been denied more times than freshman guys trying to enter final clubs. The Crimson defense, led by sophomore goalkeeper Austin Harms and senior defender Kwaku Nyamekye, has surrendered just three goals in Harvard’s first eight games...
...also followed a large group of Canadian college students and found that those who graduated during a recession initially suffered significant earnings losses, around 10%, and it took eight to 10 years for that effect to fade. Why do they take such a big hit and for so long? In a recession, well-paying firms and industries hire fewer workers, so college graduates have to take jobs with less attractive firms. Graduates can recover by finding a new job at a better-paying firm, but that process can take a long time. Some workers never actually recover. Those who graduated...
There were good reasons for this. After eight years of fear-mongering and war-hawking, many of us were ready for something—anything—different. But it was more than simply anger and exasperation that drove us to the polls. Barack Obama gave us a reason to vote for him, rather than just another lame excuse to vote against them. We were taken by his formidable intellect and his youthful energy. We were interested in his story, inspired by his eloquence, and impressed with his honesty. Older generations who had endured the stinging insults of racism found...
...impetus for the substantial changes Afghanistan will have to go through before it can develop into a stable democracy that operates under the rule of law. "In provinces throughout Afghanistan, hundreds of youths nominated themselves for provincial councils," says Sanjar Sohail, editor of the newspaper Eight in the Morning. "What does this mean? That the generation that grew up with war, that has seen the blood, the rockets, the shooting and the crime, they know that the situation in Afghanistan won't ever change unless they come to politics. They see their involvement as a responsibility. And that makes...